Slide 1: Investor Presentation
ASX: AUC Investor Presentation 121 Hong Kong October 2018 Developing a significant gold project in Western Australia’s most exciting underexplored greenstone belt 23/10/2018 121 Hong Kong Presentation
Slide 2: Disclaimer
Disclaimer 2 Competent Person’s Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Dr Matthew Greentree who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient exper
Slide 3: Western Australia Gold Exploration & Development
Western Australia Gold Exploration & Development 3 Company • Board and management with significant Resources sector experience • Significant landholding (+4,000km2) underexplored and highly prospective greenstone belt in Yilgarn Craton with multiple targets identified • Existing shallow Resource (<1
Slide 4: Corporate Snapshot
Corporate Snapshot 4 Directors 4% $0.060 8,000 Volume Chalice Gold Mines 7,000 11.4% $0.050 6% 6,000 $0.040 5,000 Major Gold Elegant (HK) '000 $0.030 4,000 shareholders Investment Ltd 3,000 $0.020 BMP Capital Ltd 2,000 $0.010 10% 1,000 $0.000 - Mar 2018 May 2018 Jun 2018 Aug 2018 Oct 2017 Oct 2018 J
Slide 5: Experienced Board & Management
Experienced Board & Management 5 Investment professional with 45 years’ experience in mining, funds Richard Lockwood management and gold mining investment. Founder of New City Investment Non Executive Chairman Management. Geologist with 20 years’ experience in mineral exploration across Australia an
Slide 6: Katanning Gold Project Current Mineral Resources
Katanning Gold Project 6 9 Current Mineral Resources 785 koz1 gold 9 Significant exploration program conducted during 2018 including ~25,000m drilling 9 Resource upgrade - November 2018 9 Regional potential underexplored Archean greenstone – untested gold potential 9 100% AUC-owned contiguous tenure
Slide 7: Location, Location, Location
Location, Location, Location 7 Underexplored and highly prospective Archean gold province Near mine • Multiple favourable structures - Untested Resource potential > 17 km strike length • Key prospects Jackson-Olympia, Jinkas-White Dam Datatine and western trends ~ 5km from existing Resources • Resou
Slide 8: Mineral Resource
Mineral Resource 8 46% of gold in Measured and Indicated categories ✔ (historical mining and metallurgical test work indicates good recoveries) Over 25,000 m of drilling during last 10 months - Resource ✔ upgrade coming November 2018 ✔ Jinkas represents 6.8 Mt at 1.45 g/t Au for 315.7 KOz Current Mi
Slide 9: Resource growth to come from New near Resource
Resource growth to come from New near Resource 9 • Near surface mineralisation undrilled at White Dam and Jinkas • Significant untested “gaps” in drilling including along strike from key Resource areas • Untested depth potential Near surface potential 23/10/2018 121 Hong Kong Presentation Jinkas Sou
Slide 10: Jinkas in Long Section
Jinkas in Long Section 10 • Shallow Resource <150m • Near surface mineralisation remains open along strike down dip • Newly identified high grade mineralisation outside of current Resource • Multiple stacked lodes Jinkas South 121 Hong Kong Presentation 23/10/2018
Slide 11: Near Resource potential
Near Resource potential 11 Jinkas South trend 9 New discovery – High grade mineralisation southeast of Jinkas deposit 121 Hong Kong Presentation 9 Open along strike and down dip 9 EIS co-funded diamond drilling – results pending 9 8 RC holes completed – results pending 9 Further drilling planned 23/
Slide 12: New Discoveries 'Near Mine'
New Discoveries ‘Near Mine’ 12 Near Mine: 9 Repetitions along strike Datatine: 9 Multiple targets 9 New discovery 9 AC drill anomalies 9 High grade gold 9 Gravity and EM 9 Validates anomalies geological model Western Trends: 9 Parallel structure 9 Anomalous Au in auger sampling 9 Follow-up work plan
Slide 13: Near Regional targets
Near Regional targets 13 Datatine Trend • KGP trend known Resource areas Jackson, White Dam, Jinkas, Dingo • Western Trends –gold in historic Auger sampling covering two greenstones with over 10 km strike length and no previous drilling • Datatine Trend – Strikes towards east, largely untested KGP t
Slide 14: Significant Regional Potential
Significant Regional Potential 14 Bottleneck trend: • Landholding > 4,000 km2 9 Gold in stream sediments 9 Follow up with ground • 130 km strike length geophysics and soil sampling • Major crustal boundary under explored highly and prospective • New geological model provides Dumbleyung framework for
Slide 15: Timeline
Timeline 15 Katanning • Jinkas South RC drill program Katanning • Jinkas South diamond • Resource infill drilling program • Exploration drilling regional • Resource Upgrade targets • western trend Auger 2018 2019 Q3 Q4 Q1 Q2 Q3 Regional Katanning • Ground gravity, greenstone identification 23/10/201
Slide 16: Peer Comparison
Peer Comparison 16 • The Katanning Gold Project is arguably a “forgotten” asset • Significant reinterpretation of the geology and regional potential driving exploration • Ausgold carries a large Resource position and low EV/Resource multiple in comparison to its peers • New Resource upgrade Q4 2018
Slide 17: Summary
Summary 17 Extensive land package in an Management driving a critical Funded work programs & exciting new underexplored change in technical strategic partnerships greenstone belt understanding and strategy 23/10/2018 121 Hong Kong Presentation Significant Resource upgrade Multiple assets with genuin
Slide 18: Thank you
18 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 23/10/2018 121 Hong Kong Presentation
Slide 19: Appendix 1: Ausgold Projects
Appendix 1: Ausgold Projects 19 Doolgunna Station Gold and copper targets adjacent to world class deposits (Cu, Au) • Farm-in agreement with Intrepid Resources (IAU:ASX). Ausgold retains 20% free carry decision to mine • 192 Km2 prospective ground adjacent to DeGrussa VMS deposit • VMS copper-gold a
Slide 20: Red Hill Vanadium – Western Australia
Red Hill Vanadium – Western Australia 20 • Advanced exploration project with over 115 RC and 6 diamond drill holes • Near term Resource potential with mineralisation from surface • Vanadium – magnetite mineralisation interpreted over a strike of 30 km • Close to key infrastructure including rail, ro
Slide 21: Doolgunna Station– Western Australia
Doolgunna Station– Western Australia 21 • Located in WA’s Bryah Basin (150km north-east of Meekatharra) • Recent Farm-in agreement with Intrepid Resources (ASX:IAU). Ausgold retains 30% contributing interest or 20% free carry decision to mine • Highly prospective for VMS copper-gold and Plutonic- st
Slide 22: Yamarna – Central Western Australia
Yamarna – Central Western Australia 22 • located in highly prospective Yamarna Greenstone Belt 125 kilometres north- east of Laverton in central Western Australia • significant copper-nickel-cobalt discovery hosted within an underexplored belt • Farm-in agreement with Great Boulder 23/10/2018 121 Ho
Slide 23: Cracow − Queensland
Cracow − Queensland 23 • 375km NW of Brisbane - well serviced by major roads • Covers over 200km2 and hosts Camboon Volcanics which are the same as those that host Evolution’s Cracow mine • Grab samples contain native copper, chalcocite and malachite, with assay grades up to 1.8% Cu and 5.5 g/t Ag •
Slide 24: Appendix 2: Resource Table
Appendix 2: Resource Table 24 • KGP Mineral Resource estimates (2017; SRK Consulting, developed in accordance with JORC 2012) • Notes: the Mineral Resource is reported at a lower cut-off grade of 0.50 g/t gold. • The topographic surface at the KGP is at approximately 360mRL, with the Mineral Resourc